Carlson Corporation Engaged in the Following Transactions Involving Promissory Notes $\$ 30,000$

question 64

Essay

Carlson Corporation engaged in the following transactions involving promissory notes in 2009 and 2010.Journalize these transactions in the journal provided.(Omit explanations.)Round to nearest whole dollar.
2009
1 Sold land to Duane Eppy for $\$ 30,000$ . A six-month, 10 percent note was received in exchange (no gain or loss realized).
1 Received a 30-day, 12 percent note receivable from Tricha Kalson in settlement of her accounts receivable of $\$ 500$ .

Dec. 1 Tricha Kalson dishonored her note issued 30 days earlier. Round to nearest whole dollar.
31 Recorded accined interest on the note received on September 1.

2010
Mar. 1 Received payment in full from Duane Eppy.

---

Definitions:

Prostate-Specific Antigen

A protein produced by the prostate gland, elevated levels of which can indicate prostate cancer or other prostate-related conditions.

Benign Prostatic Hyperplasia

A condition in men where the prostate gland is enlarged, leading to discomfort and problems with urination.

Circumcision

A surgical procedure involving the removal of the foreskin from the human penis, often performed for religious or health reasons.

FTA-ABS

Fluorescent treponemal antibody absorption, a blood test used for detecting antibodies to the bacterium Treponema pallidum, the causative agent of syphilis.